One Room Systems creates synergistic relationship with WIN to Pubcast multimedia content; Strategic alliance to leverage technology expertise in the delivery of interactive multimedia content for education, training and entertainment.DURHAM, N.C.--(BUSINESS WIRE)--April 10, 1996--One Room Systems has announced a strategic partnership with Wave Interactive Network (WIN) of Lee, Massachusetts Lee is a town in Berkshire County, Massachusetts, United States. It is part of the Pittsfield, Massachusetts Metropolitan Statistical Area. The population was 5,985 at the 2000 census. , to bring the most cost effective, secure method of delivering interactive multimedia content to education, training and entertainment markets. The agreement will result in both companies offering unparalleled access and delivery of interactive multimedia content. One Room Systems and WIN will combine their respective capabilities and technologies to offer a wide range of multimedia and other digital content on a rent-to-own or pay-per-use basis. One Room Systems will provide its Pubcasting services to WIN, supporting its efforts to launch a series of cable and Internet programming channels for the home PC user. "Pubcasting has been widely embraced by our clients in education, training and entertainment," said, Mr. E. Lee Bryan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of One Room Systems. "Key to our success in securing important accounts has been our ability to distribute content using MNet, our Multimedia Network specifically architected to meet the data intensive demands of archiving and distributing multimedia content." One Room Systems, Inc. was founded in February 1993 by Mr. Bryan, for the purpose of pubcasting - creating, producing and distributing - multi-media content. "Customers who utilize MNet to archive and distribute WIN enabled content have the greatest consumption and payment flexibility, Mr. Bryan continued. They can choose either hard copy or electronic distribution; payment for content in incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. units such as Chapters or single design drawings or full purchase; delivery over the Internet or by cable modem cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. . No one else has this complete offering. Steven Sprague, President and CEO of WIN said that "One Room Systems provides WIN with a turnkey backoffice environment that enables our company to scale services quickly and provide consumers fast access to content at the lowest cost." WIN aggregates and distributes multimedia and other digital content to home personal computer users on a pay-per-use or rent-to-own basis using encryption enabling technology, patented and provided by Wave Systems, Corp. to deliver this content securely to the point of purchase. Outside of government facilities, MNet provides the most powerful system for pre- and post retrieval processing of data, the archival of terabytes of content and electronic distribution using the widest choice of communications media. Jointly developed by One Room Systems and MCNC MCNC Microelectronics Center of North Carolina , a non-profit corporation located in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , MNet functionality includes access to MCNCs supercomputer supercomputer, a state-of-the-art, extremely powerful computer capable of manipulating massive amounts of data in a relatively short time. Supercomputers are very expensive and are employed for specialized scientific and engineering applications that must handle very computational resources In computational complexity theory, a computational resource is a resource used by some computational models in the solution of computational problems. The simplest computational resources are computation time, the number of steps necessary to solve a problem, and , terabytes of storage, and incremental bandwidth that is based on user demands. Intellectual property that is encrypted or "Wave" enabled will result in the best copyright protection. Through WIN's metered delivery systems, end users will only pay for the content they use and will enjoy increased access to software, multimedia and content from the information highway. One Room Systems has established industry leadership with accounts such as Prentice Hall Prentice Hall is a leading educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher education market. History In 1913, law professor Dr. , Simon and Schuster, International Thomson, Raytheon Aircraft Corporation and the Don Johnson Company. The Company operates with three divisions - Studio One focuses on the education and training markets and develops interactive media content; Wonder Window provides integrated, hybrid multimedia content applications for entertainment and the consumer market; and Pubcast 1 delivers MNet applications for all these markets including content developed by third parties. MCNC, a North Carolina nonprofit corporation nonprofit corporation n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. , maintains advanced equipment and expertise in electronic and information technologies to provide a competitive advantage to its business, government and education partners. Wave Interactive Network, Inc. (WIN) an affiliate of Wave Systems, Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :WAVX) is a new company committed to delivering the lowest-cost solution for the distribution of interactive content to the home consumer. Through WIN, consumers will only pay for what they use and will enjoy increased access to software, multimedia and the information superhighway. WIN is using an enabling technology, patented and provided by Wave Systems, Corp., the WaveMeter and WaveNet to deliver its products and services securely. Initial offerings from the joint relationship will be available to the marketplace in 1996. -0- Pubcast is a trademark of One Room Systems, Inc. WaveMeter and WaveNet are trademarks of Wave Systems Corp. CONTACT: Judith W. Curtis, One Room Systems (919) 405-2474 Ext. 103 or Amelia Burkhart, Wave Interactive Network (413) 243-1600 |
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